Sivia Capital Partners LLC Takes $303,000 Position in PG&E Co. (NYSE:PCG)

Sivia Capital Partners LLC purchased a new stake in PG&E Co. (NYSE:PCG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 17,661 shares of the utilities provider's stock, valued at approximately $303,000.

Several other institutional investors also recently bought and sold shares of PCG. Vanguard Group Inc. increased its stake in PG&E by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider's stock valued at $5,132,964,000 after purchasing an additional 6,151,233 shares during the last quarter. Geode Capital Management LLC increased its stake in PG&E by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 51,988,553 shares of the utilities provider's stock valued at $1,046,462,000 after purchasing an additional 2,151,494 shares during the last quarter. Capital Research Global Investors increased its stake in shares of PG&E by 70.3% during the 4th quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock valued at $944,540,000 after acquiring an additional 19,317,171 shares during the last quarter. Norges Bank acquired a new position in shares of PG&E during the 4th quarter valued at about $591,625,000. Finally, Northern Trust Corp increased its stake in shares of PG&E by 6.8% during the 4th quarter. Northern Trust Corp now owns 19,125,945 shares of the utilities provider's stock valued at $385,962,000 after acquiring an additional 1,214,394 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BMO Capital Markets dropped their price objective on shares of PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group upped their price target on shares of PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Barclays dropped their price objective on PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Morgan Stanley set a $18.00 price objective on PG&E and gave the stock an "underweight" rating in a report on Thursday, May 22nd. Finally, UBS Group lowered PG&E from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $22.00 to $19.00 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.75.

PG&E Price Performance

PCG stock opened at $15.60 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The stock has a 50-day simple moving average of $16.95 and a 200-day simple moving average of $17.50. The firm has a market cap of $41.74 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60.

PG&E (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities analysts predict that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.025 per share. The ex-dividend date is Monday, June 30th. This represents a $0.10 annualized dividend and a dividend yield of 0.64%. PG&E's dividend payout ratio is presently 9.17%.

Insider Activity

In other news, EVP Carla J. Peterman sold 32,519 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the sale, the executive vice president now owns 151,116 shares of the company's stock, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

PG&E Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.

Want to see what other hedge funds are holding PCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PG&E Co. (NYSE:PCG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.